Brazil November Consumer Prices Rise 1.01% From Previous Month
- Annual consumer price increases at fastest pace in 12 years
- Food and beverages main contributor to last month's rise
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Brazil’s consumer prices in November rose more than economists forecast, as President Dilma Rousseff faces impeachment proceedings that hamper attempts to fix the economy.
Consumer prices rose 1.01 percent in November, up from 0.82 percent in October, the national statistics agency said Wednesday. That was above the median 0.95 percent estimate from 40 economists surveyed by Bloomberg, and the fastest pace in eight months. Annual inflation accelerated to 10.48 percent, the quickest in 12 years and more than double the 4.5 percent target.